From the full article,
“Today, the world carbon market is worth nearly $30 billion”
No they are not! They have to find lots of rich oil and gas companies to extort from first, If they refuse to pay, then the credits are worthless, which they are.
“So the next Kyoto round is expected to get much tougher on Russia.”
Just what are they going to do, Stop buying oil from them and let their people freeze to death next winter? Send over their bombers? (I like this idea best.) I can’t remember the last time I read something so stupid. Putin will tell them to go pound sand and they need to be told that.
“There is no guarantee of carbon credits being available as a system after 2012,” said Jesse Uzzell, regional manager of MGM International, a brokerage on the carbon market. “The window of opportunity is closing.”
With Russia and the USA not buying any BS credits their will lot left. Maybe they should tell China they have to buy some credits.
Let me know how that goes.
Carbon Credits are just an “internet money” scheme.
The new “flooz” fake money.
carbon credits will be relevant when they are currency converted with euros and dollars.